Finance
In New Mexico, what is 'loan underwriting'?
AWriting the text of the loan documents
BThe process of evaluating the borrower's creditworthiness, income, assets, and the property to determine loan approval✓ Correct
CPricing and marketing mortgage products
DServicing mortgage payments
Explanation
Loan underwriting is the lender's detailed analysis of the borrower's financial qualifications (income, credit, assets) and the property (appraisal, title) to determine whether to approve the loan application.
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